Land Prices Continue to Rise Despite Drought

Mar227:22 am

NORFOLK - The drought that has gripped Nebraska for the past 18 months has not slowed the climb of agricultural land prices. A survey of land prices as of February 1st, 2013 shows a statewide jump of 25 percent for all classes of land over the last 12 months. Platte County Extension Educator Allan Vyhnalek says prices in eastern Nebraska are at record levels. The average price for irrigated land in the eastern crop reporting district, which includes Platte and Colfax counties, is $10,000 an acre. In the northeast crop reporting district, the average price for irrigated ground was $8,700 per acre. More on the land price survey can be found on the website agecon.unl.edu.